Page 9 - Banks

Govt to retain cap on voting rights for major bank shareholders: Report

The government is also planning to more than double the foreign-investment cap in state-owned lenders to 49%, Reuters reported last week

Take digital arrest seriously or risk losing public trust: CEA Nageswaran's warning to banks

Take digital arrest seriously or risk losing public trust: CEA Nageswaran's warning to banks

ED, IBBI set new rules to ensure cheated homebuyers, banks get assets back

Assets of bankrupt companies and their promoters attached by the ED, under the anti-money laundering law, will now be restored to the affected parties, such as banks or home buyers, following the finalisation of a new standard operating procedure, the federal probe agency said on Wednesday. The Insolvency and Bankruptcy Board of India (IBBI) issued a circular in this context on November 4, following "multiple rounds" of coordination meetings between its officials and the investigators of the Enforcement Directorate (ED). As a result of this coordinated approach, the agency said in a statement, a "standard undertaking" will be filed by Insolvency Professionals (IPs) before the special PMLA court to release the assets from ED's attachment and offer them for restitution or restoration to the creditors. Currently, in several insolvency cases, the assets of the corporate debtor were under PMLA attachment, which "restricted" their use in the resolution process. To address this issue, th

Is the worst over for Microfinance Institutions in the current cycle? | Banking sector | BFSI Summit

While the microfinance sector appears to be recovering from its latest stress cycle, liquidity support will be crucial to sustain the return path

Impact of Tech & AI On Retail Banking – Pros and Cons | BFSI Summit 2025 | Business news

The role of artificial intelligence (AI) is expanding in retail banking, however, speaking at the Business Standard's BFSI Summit 2025 on Wednesday, banking heads urged to exercise caution.

Is it time to revisit the banking model? BFSI Summit 2025 | Banking news | Finance | Business news

The Indian banking sector finds itself in a curious position. Financial metrics — profits, balance sheet strength, and non-performing assets — are all at their best levels in years.

Are foreign banks becoming too niche? | BFSI Summit 2025

Global banks increasingly view India as one of their most promising markets, driven by regulatory predictability, new opportunities in acquisition financing, and a surge in domestic capital markets

Banks, capital markets to drive India's next growth phase, says K V Kamath | BFSI Summit 2025

As India’s economy gains momentum, the banking industry will be the first to expand, said KV Kamath, independent director and non-executive chairman, Jio Financial Services

Indian economy performing better than feared two months ago: CEA Nageswaran | BFSI Summit 2025

India’s economy is performing better than expected and is likely to post growth north of 6.7 per cent in the current financial year, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday

Reinvention continuous process that banks are adopting well: Top bankers

The bankers highlighted that lenders must stay agile and continuously reinvent themselves to stay relevant in a rapidly changing environment

India's growth at 6.5% allows scope for policy easing: RBI Dy Guv Gupta | BFSI Summit 2025

The Reserve Bank of India (RBI) Deputy Governor Poonam Gupta on Wednesday said that India is growing steadily at 6.5 per cent, with a forecast of 6.8 per cent for the year.

India needs bigger, more global-scale banks for 2047 goal: Banking leaders | BFSI Summit 2025

India needs more globally-competitive banks with strong financial foundations, skilled talent, and advanced technology to finance large-scale projects, create jobs

Public sector banks setting benchmarks for BFSI sector, says M Nagaraju | BFSI Summit 2025

Public sector banks (PSBs) in India are setting remarkable benchmarks for the country’s banking, financial services, and insurance (BFSI) sector, said M Nagaraju

RBI directs banks to offer nomination facility; customers can opt out

New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI

Wall Street bank chiefs hold most power since the 2008 global crisis

With Citigroup CEO Fraser adding title of chair this week, it's first time during modern US financial landscape that CEOs of all biggest banks also sit atop their boards

Corporate advance growth for large banks robust in Q2 as demand picks up

The growth in corporate loan books of major banks comes at a time when, in Q1FY26

CBDC adoption may take 2-3 years as banks struggle with tech, incentives

CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee

Customers allowed to opt for up to four nominees in bank accounts

The finance ministry says depositors can now nominate up to four beneficiaries under the Banking Laws (Amendment) Act, 2025, bringing transparency and uniformity in claim settlements

Size Matters: What will it take for India PSBs to break into Global Top 20?

With a rank of 43, the State Bank of India (SBI) is currently the only Indian public sector lender in the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets

Bank customers can opt for up to four nominees in their accounts from Nov 1

Beginning next month, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system. The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday. The Banking Laws (Amendment) Act, 2025 was notified on April 15, 2025. It contains a total of 19 amendments across five legislations the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955 and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980. As per the amendments, it said, customers may nominate up to four persons, either simultaneously or successively, thereby simplifying claim settlement for depositors and their nominees. Depositors may opt for either simultaneous or successive nominations, as per their preference, it said. With regard to nominat